New T.R.I.D. Laws Go Into Effect On October 3rd
Do you know about T.R.I.D.? Will it help or hinder? Who will benefit from it? Why do we have more regulations, aren't there enough already? These are some of the many questions people are asking in the buzz about the new TRID laws going into effect on October 3rd. Well, to better understand the new disclosure, let's start with some answers. . . . . . What exactly is TRID? Well, breaking it down into simple language, TRID is the TILA / RESPA Integrated Disclosure Rule, or m